Bitcoin Set to Conquer $99,000 Despite Market Skepticism Despite recent bearish market signals, a notable crypto analyst projects a significant rally for Bitcoin, forecasting its price to climb above the $99,000 mark. This optimistic outlook is fueled by a blend of technical analysis and macroeconomic factors, suggesting that the flagship cryptocurrency is poised for further gains this year.
Analyst TARA Foresees Imminent Price Surge
Crypto analyst TARA recently shared an assessment predicting that Bitcoin's price will reach $99,300. This move is posited as a strategic push to hit a key target before any deeper market retracement, crucially avoiding a break below the critical support level of $90,000. TARA's analysis further suggests that Bitcoin is on track to establish a new high above $97,000 in 2026, with subwaves potentially driving its value towards $103,000. This aligns with broader market sentiment where many crypto traders are betting on Bitcoin surpassing $99,000 and even reaching the psychological $100,000 threshold.
ETF Momentum Meets Macroeconomic Liquidity
The recent surge in Bitcoin's price has been significantly bolstered by the performance of spot Bitcoin Exchange Traded Funds (ETFs). Bloomberg analyst Eric Balchunas highlighted substantial net inflows, including $843 million on January 14 alone, contributing to a $1 billion week-to-date and $1.5 billion year-to-date inflow. While Balchunas hinted at potential buyer exhaustion following Bitcoin's rally from $92,000 to over $97,000 after the release of soft CPI inflation data, BitMEX co-founder Arthur Hayes presents a counter-narrative centered on rising dollar liquidity. Hayes predicts that increasing dollar liquidity will sustain Bitcoin's rally, citing U.S. President Donald Trump's future economic policies aimed at injecting liquidity into the economy, such as lowering mortgage rates. Additionally, the prospect of a new Federal Reserve Chair advocating for rate cuts could further accelerate this liquidity injection, creating a bullish environment for Bitcoin and the wider crypto market. At the time of writing, Bitcoin is trading around $95,300, reflecting the ongoing volatility and the interplay of these technical and macroeconomic forces.
